S&P500

perfect - lets ramp on the indices now.... for that b bounce.

I'm looking at 1597 as the key level for this:



dl.dropboxusercontent.com/u/20815047/FTS...500daily06_06_13.gif

dl.dropboxusercontent.com/u/40497882/Spx_29may.JPG

no change in view, correction completed, structure looks like a flat, both upside and downs gaps closed...

spx 1638 & dow 237 very important now.

volatility great for day traders

pro real time charts really slow, will post updated chart when poss...

cheers WS,

assuming the recent minor correction completed at the recent lows 1535 ( the dotted black line on the below chart)... (dow 158 & 237 see dow thread on these numbers)

then upside targets suggest approx 1699 > 1745 before a deeper correction sets, these price points have fib relationships. .618 of iii & w1 = w5 1.618 etc..

the chart below still applies and daily closes abv 1652/57 > 68 > 87** should indicated higher prices to follow...>1699 >1728/35 > 1745/52, breach of spx 1628 will invalidate the abv and lower prices to follow.

will post a chart later...on dow & spx, expecting new highs and at a min a retest on previous highs before deeper correction sets in - early to mid june.

cheers WS

updated spx

dl.dropboxusercontent.com/u/40497882/SPX_14MAY17v1.JPG